Wall Street eyes at Fed minutes

06.04.2016 / 15:20

Rating:

U.S. stock index futures indicated a higher open Wednesday with investors reacting to a rebound in the price of oil and some strong data from China.

Helping to bolster market sentiment, China's services sector strengthened in March, according to a survey of smaller and medium-sized enterprises released earlier in the day. The Caixin services purchasing managers' index (PMI) for March rose to 52.2, up from February's reading of 51.2.

Nonetheless, Asia markets wavered between positive and negative territory overnight.

European markets fared better, posting some gains in the morning session after closing sharply lower on Tuesday evening.

Back in the U.S., investors will look out for the minutes of the Federal Open Market Committee's (FOMC) latest meeting for hints on the future path of interest rates and any differing views from inside the Fed. The release is due at 21:00 (+2 GMT).

U.S. stocks closed lower Tuesday, following declines in overseas markets on soft data. The Dow Jones industrial average closed down about 133 points, its first triple-digit loss since March 8.

Varchev Traders

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Wall Street eyes at Fed minutes

London

Universal numbers